Countrywide Posts Loss as Borrowers Default on Home Mortgages
Story date: 2007-10-26 05:23:00
Added on: 2007-10-26 12:41:50
Bloomberg - Oct. 26 (Bloomberg) -- Countrywide Financial Corp., the biggest U.S. mortgage lender, reported its first quarterly loss in 25 years as the housing slump forced more borrowers to default. The loss of $1.2 billion, or $2.12 a share, compared with net ...
Read more...
Related Stories:
-
Countrywide Posts Loss as Borrowers Default on Loans (Update2)
Bloomberg - Oct. 26 (Bloomberg) -- Countrywide Financial Corp., the biggest U.S. mortgage lender, predicted a return to profit in the fourth...
2007-10-26 05:52:00 -
Countrywide Reports $893 Million Loss From Bad Loans (Update5) (Bloomberg.com)
April 29 (Bloomberg) -- Countrywide Financial Corp. , the mortgage lender that Bank of America Corp. plans to buy, reported a third...
2008-04-29 01:33:22 -
Countrywide Credit Risk Plummets After Bank of America Takeover
Bloomberg - Jan. 11 (Bloomberg) -- The risk of Countrywide Financial Corp. defaulting plummeted after Bank of America Corp. said it will...
2008-01-11 05:15:00 -
Countrywide Posts Loss, Shares Advance on Forecast (Update5)
Bloomberg - Oct. 26 (Bloomberg) -- Countrywide Financial Corp., the biggest U.S. mortgage lender ... The results ``were not as bad as...
2007-10-26 08:43:00 -
Countrywide Foreclosures Double in Servicing Business (Update3)
Bloomberg - Nov. 13 (Bloomberg) -- Countrywide Financial Corp., the biggest U.S. mortgage lender ... mitigating the consequences our borrowers are facing...
2007-11-13 11:40:00 -
Countrywide to Refinance Up to $16 Billion of Loans (Update4) (Bloomberg.com)
Oct. 23 (Bloomberg) -- Countrywide Financial Corp., the biggest U.S. mortgage lender, may change terms on $16 billion of adjustable-rate mortgages before...
2007-10-23 08:27:54 -
Countrywide Holder Calls Bank of America Bid Too Low (Update2)
Bloomberg - Jan. 31 (Bloomberg) -- Bank of America Corp.'s offer of about $4 billion for Countrywide Financial Corp., the biggest U.S....
2008-01-31 09:23:00 -
Corporate Bond Default Risk Rises on Concern of U.S. Recession
Bloomberg - Credit-default swaps on Countrywide Financial Corp., the biggest U.S. mortgage lender, widened. The cost of the contracts increased $200,000 to...
2008-01-03 07:12:00